Empower Federal Credit Union closing costs and rates (2024)
In 2024, Empower Federal Credit Union originated 673 purchase mortgages at a median interest rate of 6.50% and median total closing costs of $2,867. That ranks #523 nationally by origination volume. For total closing costs among lenders with 500+ originations, Empower Federal Credit Union ranks #42. That is $3,874 below the national median of $6,741. Empower Federal Credit Union is most active in New York with 661 originations there.
Purchase Originations
673
Ranked #523 nationally
Median Total Costs
$2,867
−57.5% vs national ($6,741)
Median Rate
6.500%
−1.8% vs national (6.620%)
Median Origination
$123
Median Lender Credits
$58
Cost Rank (500+ vol.)
#42
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 673 | 6.500% | $2,867 | $123 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| New York | 661 | 6.500% | $2,847 | #33 |
| South Carolina | 4 | 6.438% | $4,221 | — |
| Florida | 3 | 6.500% | $5,612 | — |
| Pennsylvania | 3 | 6.000% | $3,895 | — |
| North Carolina | 1 | 5.750% | $5,593 | — |
| Tennessee | 1 | 7.250% | $3,671 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,130 | 6.125% | — | 3 | −$737 | |
| 2 | $2,138 | 6.500% | — | 3 | −$729 | |
| 3 | $2,295 | 7.250% | — | 10 | −$572 | |
| 4 | $2,401 | 6.500% | — | 3 | −$466 | |
| 5 | $2,567 | 6.688% | — | 12 | −$300 | |
| 6 | $2,626 | 6.625% | — | 22 | −$241 | |
| 7 | $2,698 | 6.500% | — | 112 | −$169 | |
| 8 | $2,750 | 6.500% | — | 9 | −$117 | |
| 9 | $2,823 | 6.625% | — | 9 | −$44 | |
| 10 | $2,899 | 6.500% | — | 405 | +$32 | |
| 11 | $2,907 | 6.500% | — | 14 | +$40 | |
| 12 | $2,935 | 6.625% | — | 34 | +$68 | |
| 13 | $3,293 | 6.500% | — | 2 | +$426 | |
| 14 | $3,330 | 6.750% | — | 7 | +$463 | |
| 15 | $3,335 | 6.438% | — | 2 | +$468 | |
| 16 | $3,419 | 6.312% | — | 2 | +$552 | |
| 17 | $4,221 | 5.812% | — | 2 | +$1,354 | |
| 18 | $4,647 | 5.938% | — | 2 | +$1,780 | |
| 19 | $5,593 | 5.750% | — | 1 | +$2,726 | |
| 20 | $6,556 | 6.500% | — | 1 | +$3,689 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2024. Sorted by median total loan costs.
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Data source: HMDA Modified Loan Application Register 2024, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.